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DRTS
Banks asked to track movable assets to aid loan recoveriesThe government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of...- Finance Ministry seeks faster disposal by DRTs, holds talks"Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, priori...
- Four special Lok Adalats planned for 2026 to dispose of cases before debt recovery tribunals: FM SitharamanFinance Minister Nirmala Sitharaman announced plans for four Special Lok Adalats in 2026. These will focus on clearing pending cases before...
- Finmin weighs plans for faster case disposals at debt recovery tribunalsThe Finance Ministry met with debt recovery tribunal officials and bank representatives. Discussions focused on improving bank oversight an...
- State banks told to avoid appeals at multiple debt recovery tribunalsThe government has urged public sector banks to improve their debt recovery strategies. Banks are examining the legal feasibility of consol...
- SC issues notice to Centre over vacancies in Debt Recovery TribunalsThe Supreme Court is demanding answers from the Finance Ministry regarding numerous vacancies in Debt Recovery Tribunals (DRTs) nationwide....
- Finmin asks banks to put in place oversight mechanism for efficient management of pending cases in DRTsThe Finance Ministry has urged banks to implement effective monitoring and oversight mechanisms for managing pending cases in Debt Recovery...
- Banks face seven-year backlog in debt recovery casesBanks struggled with a backlog in debt recovery, expected to take seven years to clear at the current pace. Over 2 lakh cases pending at De...
- PSBs told to speed up recovery at tribunalsAs per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original...
- Banks to conduct performance review of empanelled advocatesBanks implement measures to enhance DRT efficacy. Reviews of advocates' performance, officer presence at hearings, and changes in regulatio...
- Govt forms exclusive benches at three DRTs to resolve cases above Rs 100 croreThe fresh push by the government comes even as bankruptcy cases in the National Company Law Tribunal (NCLT) are languishing due to delays. ...
- Hiring for Debt Recovery Tribunals put on fast trackA government official confirmed this and said it was looking to appoint around 27 administrators, both as registrars and deputy registrars,...
- Separate route on anvil for individual insolvency casesThe ministry has suggested that DRTs designate special benches for resolution of individual insolvency cases. DRTs were established in 1993...
- Finance Ministry seeks to make debt recovery tribunals more accountableAt the end of 2014, there were about 59,000 cases pending before various DRTs involving assets worth Rs 3.7 lakh crore, according to financ...
- Huge build-up of NPAs: Why debt recovery tribunals are in no shape to performIt is a real tragedy especially in view of the fact that bank gross NPAs have crossed Rs 3 lakh crore.
- RBI asks debt tribunals to speed up disposal of cases in order to reduce delaysThe RBI and lenders are pushing for a better understanding of disputes between them and borrowers by the debt recovery tribunals.
- Narendra Modi government to set up six Debt Recovery TribunalsThe Cabinet has cleared setting up DRTs in Chandigarh, Bengaluru, Ernakulam, Dehradun, Siliguri and Hyderabad, an official statement said.
- Staff crunch forces debt recovery tribunals to put off casesDRTs, an important mechanism for loan recovery by banks, are foundering amid charges of lack of professionalism and shortage of staff as ba...
- Tribulations of debt tribunalsDebt tribunals, instead of speeding up recovery, end up like the courts: Tied up
- Debt recovery tribunals see NPA surge due to slowdownThe debt recovery tribunals (DRTs), set up by the government to help financial institutions recover bad debts efficiently, expect the numbe...
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